Friday, January 05, 2024

SPY is still trapped in between 30 and 10 ds SMAs. All indices closed near the open. MFC Market Forecast crossed below the upper reversal zone.

 SPY Market Forecast   73.82 Bearish pointing down in the middle zone                 
   0.79   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     SPY +0.14% ; QQQ +0.12% ; DIA +0.03% ;            
Down:              IWM -0.29%          
                      
  TLT -0.96% at 96.29                 
  VIX -5.52% at 13.35                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLF +0.43%  and  XLC +0.42%    Lower =  4         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLF leaders     :    COIN, ADYEY, MS, COF                
XLC leaders     :    SNAP, VZ, T, ROKU                 
XLU leaders     :    DNNGY, D, AGR, PCG                 
                      
Uptrend  XLF, XLC, XLB, XLY, XLI, XLK, XLV, XLRE, XLP                 
Sideways  XLU, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,522    to               1,284  and  Nasdaq   Weakened   as  Advancers led            1,838    to            2,393       
                      
FANGT Stocks                      
UP:     NVDA ;  META ; AMZN ;                             
Down:           MSFT ; NFLX ; TSLA ; AAPL ;  GOOGL        
                      
                      
NDX Leaders:                        
47 closing higher  and  53 closing Lower                
MRVL : +3.19% ;  WBA : +3.09% ;  PYPL : +2.86%            
                      
DJIA Leaders:                        
17 closing higher  and  13 closing Lower                
WBA : +3.09% ;  VZ : +2.11% ;  BA : +1.66%            
                      
SP500 Leaders:                        
283 closing higher  and  217 closing Lower                
CTLT : +5.25% ;  LUV : +4.37% ;  AAL : +3.90%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   53                   
MRVL, WBA, PYPL, NVDA, MRNA, AMD, DXCM, TEAM, META, COST, MAR, MU, AEP, CRWD, ADP, TMUS, SIRI, KHC, QCOM, TXN, ADSK, REGN, VRTX, FANG, DLTR, GEHC, INTC, SPLK, AVGO, CSCO, XEL, ANSS, AMGN, FTNT, PCAR, IDXX, ZS, MDLZ, CSX, MNST, BKNG, GOOG, ROST, AZN, HON, ILMN, PDD, CTAS, BIIB, LULU, CCEP, GILD, PEP
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 2                  
  PYPL, NVDA                   
                      
 Nasdaq100  xsing below30  = 6                  
  NFLX, TTWO, WDAY, GOOGL, CTSH, WBD                 
                      
                      
MACD Crossover:                      
Up   1                   
ADP                      
                      
Down   5                   
FANG, CSCO, ANSS, CHTR, VRSK                    
                      
 

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SPY touched all times high once again and reversed at close

SPY Market Forecast     94.34 Defensive pointing down in the upper zone                        0.6   PCALL - 10 day SMA (0.75 - 1.00)       ...